Agreement on WME

These terms and conditions (“Agreement”) govern the supply
of the Service operated by WebMoney Europe Ltd (“we”, “us”,
“our”) to an individual whose application to register for a Personal
Account we accept (“you”, “your”).
If you have any intention to use your Personal Account for commercial purposes,
you must tell us, even if you use it also for private purposes. You are using
your Personal Account for commercial purposes if you are receiving payments for
or in connection with any business activity. We reserve the right to determine
whether, in our reasonable opinion, you are using your Personal Account for
commercial purposes. If you are using your Personal Account for commercial
purposes, in addition to these Terms of Use, you shall be bound by our
WME
Business Agreement Terms and Conditions. If you are in any doubt about
whether or not an activity amounts to a commercial activity, you should contact
us.
Capitalised terms that are not defined where they appear in this Agreement have
the meaning given to them in Clause 20 below. The term of this Agreement
(“Term”) shall start on the date you agree it when registering
for a Personal Account and, if we accept your application, this Agreement shall
continue unless it is cancelled by you under Clause 8 or otherwise terminated
by either you or us under Clause 9.
In addition to this Agreement, you agree to the terms of our
Privacy
Policy and Cookie Policy.
You consent to us obtaining your personal details from the WebMoney Transfer
system, as may be necessary for us to set up your account and the other
purposes listed in our Privacy Policy; and you consent to WM Transfer Ltd.
sharing your personal data with us for these purposes.

We will process your Personal Data in accordance with Data Protection
Legislation and the terms of our Privacy
Policy and Cookie
Policy.

Please read this Agreement and download a copy for your records
before using the Service. Please note that we may change this Agreement on 2
months’ notice to you from time to time without liability. We will post any
changes on this page and notify you in your Personal Account and/or by email.
You may terminate this Agreement immediately and without charge before the
proposed changes take effect, otherwise you shall be deemed to have accepted
such changes when the 2 months’ notice expires.

1. Your Personal Account

1.1 As further describe in Clause 2, the Service enables you to:

1.1.1 purchase WME;

1.1.2 make a payment in WME for your purchases of goods or services from a
Business (“Payment”);

1.1.3 make or receive a transfer of WME to or from another Consumer or
Business (“Transfer”); and

1.1.4 exchange your WME for an equivalent amount of funds in the same
currency in which your WME was denominated (“Redeem” and
“Redemption” shall be construed accordingly),
provided that you comply with all Applicable Law and do not use the Service for
any of the prohibited
purposes listed on the Service from time to time, including the sale of
unlawful images or age-restricted goods or services to persons under the age of
18 or otherwise use the Service in ways that might damage our reputation or
goodwill.

1.2 Your WME Balance does not earn interest and is not insured or guaranteed
by any person or entity or covered by the Financial Service Compensation
Scheme.

1.3 To be eligible to register for a Personal Account, you must be an
individual person who is at least 18 years old (if you are resident within the
European Economic Area (“EEA”)) or at least 14 years old if
you reside outside the EEA and the law of your country of residence permits it.
You acknowledge that we may impose certain restrictions on the use of the
Service for users who are under the age of 18, including but not limited to
Transaction Limits. We rely on you providing accurate information to enable us
to exercise our rights and comply with our obligations under this Agreement and
cannot be held responsible if you providing incorrect information in relation
to age, for example.

1.4 Depending on the amount of incoming transactions into your Personal
Account, the Personal Account has certain Transaction Limits. When you reach
those Transaction Limits the law requires us to carry out additional checks
before you can continue to use the Service. You agree to provide us with any
information we require to satisfy those checks and any other due diligence that
we are required to perform under Applicable Law. To guard against fraud, we may
also notify you of one or more Transaction Limit(s) from time to time that you
must not exceed without our prior written consent.

1.5 You can access your details of your Transaction Data and other
information relating to you and your use of the Service by logging into your
Personal Account. You agree that we are not required to send you statements,
either in the post or electronically.

1.6 The records kept in the Service shall be conclusive of the facts and
matters they purport to record. We reserve the right to correct the balance of
your Personal Account if we believe that an administrative error, or an error
in billing or accounting has occurred.

2. WME Transactions

2.1 You can purchase WME by using one of the payment methods specified in
your Personal Account. You acknowledge and agree that your purchase of WME is a
separate transaction from any Payment or Transfer that you make using that
WME.

2.2 When you initiate a Payment or Transfer, and you have a sufficient WME
Balance to fund the Payment or Transfer, we will debit your Personal Account
for the amount of the Payment or Transfer and immediately credit that amount to
the relevant Business Account or Personal Account (as the case may be).

2.3 When a Consumer or Business initiates a Transfer to your Personal
Account, and they have a sufficient WME Balance to cover that Transfer, we
debit that Business Account for the amount of the Transfer and immediately
credit that amount of WME to your Personal Account.

2.4 You may Redeem all or part of your WME Balance by any of the relevant
methods specified on the Service from time to time, which may be subject to you
satisfying additional checks that we may be required to make under Applicable
Law.

2.5 We may suspend the processing of any Transaction where we reasonably
believe the Transaction may be fraudulent, prohibited under Applicable Law or
involves any criminal activity. Any Transaction request that we lawfully refuse
to process will not be deemed to have been received for purposes of execution
times and liability for non-execution or defective execution. We will notify
you if we exercise our rights under this Clause, the reasons for doing so and
the procedure for rectifying any factual errors that led us to suspend the
processing of the Transaction, unless we are prohibited from doing so under the
Applicable Law. We may charge you the reasonable costs of any such
notification.

2.6 Subject to the provisions limiting our liability under Clause 7 below,
in order to reclaim an unauthorised or incorrectly executed Transaction on your
Personal Account, you must notify us without undue delay after becoming aware
of such a Transaction by email to finance@webmoney.eu within 13 months
after the date of that Transaction.

2.7 You may enquire about the processing of any Transaction by emailing us
at finance@webmoney.eu.

3. Claims

3.1 Except as expressly provided in this Agreement, each Business shall be
solely responsible for all Claims relating to the supply of any goods or
services to you by that Business, and it is the Business’s responsibility and
not ours, to resolve any Claim.

3.2 We do not control or assume liability for the legality, quality, fitness
for purpose or use of the goods and services that are paid for using the
Service. We do not guarantee the identity of any Business or Consumer, or that
a Business will make any Transfer due and payable to you. However, we may stop,
block or suspend any Transaction:

3.2.1 if we believe or suspect that the Transaction is or was not authorized
or is unlawful, suspicious, or in breach of this Agreement; or

3.2.2 if the Transaction is reversed by a court, regulatory authority or
other third party acting in accordance with Applicable Law.

3.3 We shall be responsible for resolving any Claim by you in relation to
your Personal Account, including any Claim in relation to your purchase of WME
from us, our distributors or agents, or your initiation of a Transaction
through the Service.

3.4 Without prejudice to any other rights or remedies we may have in respect
of:

3.4.1 any costs we reasonably incur in respect of Claims relating to you;
and

3.4.2 any amounts reasonably required to cover any sum due to us from you
under this Agreement,

we may in our sole and absolute discretion deduct or withhold such sums
from, or set- off such sums against, any payment due to you under this
Agreement or send you an invoice for any or all such sums, which invoice shall
be payable in accordance with its terms.

4. Fees and Taxes

4.1 In consideration of us supplying the Service to you, you shall pay to us
the Fees specified in Schedule 2. While VAT does not currently apply to the
Service or Fees, the Fees are exclusive of amounts in respect of any VAT that
might apply in future, for which you would be liable.

4.2 It is your responsibility to determine what, if any, taxes apply to any
purchases you make, or WME you receive, using the Service, and it is your
responsibility to collect, report and remit the correct tax to the appropriate
tax authority. We are not responsible for determining whether any value added
tax, sales tax or any other tax applies to your purchases or WME receipts, or
for collecting, reporting or remitting any such taxes.

5. The Security of your Personal Account

5.1 You must take reasonable steps to keep your Account Access Codes safe
and prevent fraudulent use of your Personal Account. Those steps include
keeping your Account Access Codes confidential and secure from unauthorised
individuals; not writing down any item of Personal Data and Account Access
Codes together; and taking reasonable care to ensure that you are not observed
or overheard when using your Account Access Codes.

5.2 You shall be solely responsible for creating an appropriately strong
password within your Account Access Codes and for updating it from time to
time.

5.3 You must inform us without undue delay by calling us on telephone
number: + 44 (0) 333 577 0018 or email to security@webmoney.eu on becoming aware
of the loss, theft, misappropriation or unauthorised use of your Account Access
Codes or if you believe an unauthorized person knows your Account Access Codes
or can use the Service by impersonating you.

5.4 As long as the correct Account Access Codes are entered when your
Personal Account is accessed and you have not notified us of a problem with
your Account Access Codes under Clause 5.3:

5.4.1 we will assume that you are the person accessing your Personal Account
and you will be liable for its use,

5.4.2 you will be responsible for any instruction which we receive and act
on, even if it was not given by you; and

5.4.3 we will not be responsible for any unauthorised access to your
Personal Account or the information within it.

5.5 Provided that you have not breached the other terms contained in this
Clause 5, we will accept liability for any loss or damage to you resulting
directly from any unauthorised access to your Personal Account (subject to the
limits of our liability in Clause 7 of this Agreement).

5.6 We can refuse to act or process any Transaction if we consider in our
sole and absolute discretion that any instruction:

5.6.1 is unclear, was not given by you or might cause us to breach any legal
requirement or duty; and/or

5.6.2 we believe your Personal Account or the Service is being used for
fraud or any illegal purpose.

5.7 Except as expressly stated in this Agreement, you are solely
responsible, for compiling and retaining your own record of all Transactions
and other data associated with your use of the Service and your Personal
Account. After the termination or expiry of this Agreement, we shall have no
obligation to you to operate your Personal Account or retain copies or provide
you with access to any data from it.

5.8 You are solely responsible at your own expense for the provision of all
equipment, software, systems and telecommunications facilities necessary for
you to access, receive and use the Service.

6. Warranties and Representations

You warrant and represent to us that:
(a) all the information that you provide to us is true, complete and accurate
and you will keep all such information up to date during the Term;
(b) you have registered for your Personal Account in your own name;
(c) you will only use the Service for your own purposes and not on behalf of
any third party;
(d) you will comply with all Applicable Law when using the Service; and
(e) you will not attempt any unauthorized access to or otherwise interfere with
the Service or any Personal Account or Business Account.

7. Limitation of Liability

7.1 This Clause 7 sets out the entire liability of each party to the other
for any breach of this Agreement and any representation, statement or tortious
act or omission (including negligence) by each party arising under or in
connection with it.

7.2 In case of an unauthorised Transaction or a Transaction that was
incorrectly executed due to an error by us, we shall at your request
immediately refund the payment amount including all related Fees, except:

7.2.1 where an unauthorised Transaction arises from your failure to keep
your Account Access Codes secure in accordance with Clause 5.1, you shall
remain liable for the first €50 EUR (or equivalent in GBP) unless:

(a) you compromised the security of your Personal Account with intent or
gross negligence, in which case you shall be solely liable for all losses;

(b) the unauthorized Payment occurred after you had notified us of the fact
that your Account Access Codes had been lost or compromised,

in which case we shall remain liable from the date of such notification and
refund immediately to you the amount of any subsequent unauthorised Transaction
using the compromised Account Access Codes;

7.2.2 if you fail to give us a notice in accordance with Clause 5.3, in
which case you shall remain liable for losses incurred up to the time of any
later notification to us;

7.2.3 if you fail to notify us that you are disputing an unauthorised or
incorrectly executed Transaction within 13 months after the date of that
Transaction.

7.3 To the fullest extent permitted by Applicable Law, all warranties,
conditions and terms that would otherwise be implied in this Agreement are
hereby excluded and we make no representations or warranties, express or
implied, with respect to merchantability, fitness for a particular purpose or
non-infringement of the Service. We do not warrant or guarantee that the
Personal Account or the Service will always be available or operate error-free,
or that any errors or omissions in the Service will be corrected.

7.4 Subject to Clause 7.5:

7.4.1 to the extent permitted by Applicable Law, our total liability arising
under or in connection with this Agreement, whether arising in contract,
negligence or otherwise, shall be limited to an amount equal to the total of
(a) your then current WME Balance and (b) any Fees you have paid to us during
the 12 months immediately preceding your Claim;

7.4.2 neither party shall be liable to the other for any loss of profit,
goodwill, reputation, business, business opportunity, data, or any special,
indirect or consequential damage or loss of any kind whatsoever arising under
or in connection with this Agreement; and

7.4.3 Neither party shall be liable to the other as a result of any delay or
failure to perform its obligations under this Agreement as a result of an event
beyond its reasonable control (“Force Majeure Event”).

7.5 Nothing in this Agreement shall limit or exclude the liability of either
party for death or personal injury resulting from its negligence, fraud or any
other liability that cannot be excluded under Applicable Law.

8. Cancellation of this Agreement

You may cancel this Agreement within 14 days after the day you agree to it
by sending to us an email at cancellation@webmoney.eu stating
that you wish to do so, in which case Clause 10 applies.

9. Termination of this Agreement

9.1 You may terminate this Agreement at any time by giving us one (1)
month’s notice under Clause 15.

9.2 We may terminate this Agreement at any time by giving you two (2)
months’ notice under Clause 15.

9.3 We may terminate this Agreement (in whole or in part) immediately by
notice in writing if you breach the provisions of Clause 1.1 and/or Clause 5.1
of this Agreement.

9.4 Either party may terminate this Agreement (in whole or in part)
immediately by notice in writing if:

9.4.1 the other party is in material breach of any of its obligations under
this Agreement and fails to remedy the breach (if capable of remedy) within
thirty (30) days after receiving written notice to do so; or

9.4.2 the other party in any jurisdiction enters into, applies for, or calls
a meeting of members or creditors to consider a moratorium, administration,
liquidation, or composition or arrangement with its creditors; or is the
subject of appointment of a receiver, enforcement of security, distress, or
execution of a judgment.

9.5 Wherever this Agreement confers a right on us to terminate this
Agreement, we may choose to suspend the Service without prior notice to you.
Such suspension shall not affect our ability to later terminate the Agreement.
We will notify you if we exercise our rights under this Clause, the reasons for
doing so and the procedure for rectifying any factual errors that led us to
suspend the Service, unless we are prohibited from doing so under the
Applicable Law. We may charge you the reasonable costs of any such
notification.

9.6 If a Force Majeure Event prevents us from providing any of the Service
for more than 4 weeks, we shall, without limiting its other rights or remedies,
have the right to terminate this Agreement immediately by giving written notice
to you.

9.7 Termination of this Agreement shall not prejudice any of the parties'
rights and remedies which have accrued as at the date of termination.

10. Obligations on Cancellation or Termination

10.1 On cancellation, termination or expiry of this Agreement for any
reason:

10.1.1 Each party shall pay to the other all amounts owed by it to the other
party under or in connection with this Agreement;

10.1.2 we will Redeem any outstanding WME Balance in accordance with Clause
2.4, subject to Clause 3.4; and

10.1.3 any Clause reasonably intended to survive the termination or expiry
of this Agreement shall do so.

11. Intellectual Property Rights

11.1 All Intellectual Property Rights in the Service, as well as the
Transaction Data in our computers and systems, shall vest and remain vested in
us or our licensors.

11.2 Except as expressly provided in this Agreement, no rights or
obligations in respect of a party's Intellectual Property Rights are granted to
the other party or are to be implied from this Agreement.

11.3 You must not rent, lease, sublicense, distribute, transfer, copy,
reproduce, download, display, translate, reverse engineer, decompile,
disassemble, modify or otherwise exploit the Service or information or
materials in which the Intellectual Property Rights are owned by us or a
Business.

11.4 To the extent that the Service includes any software, computer program
or code, including any application programming interfaces (“Software”), you
agree:

11.4.1 not to copy or otherwise reproduce Software except where such copying
is incidental to the use of Software in accordance with this Agreement, or
where necessary for the purpose of back up or operational security;
11.4.2 not to sublicense, translate, merge, adapt, vary or modify Software, or
any part of it;
11.4.3 not to make alterations to, or modifications of, Software or any part of
it, or permit Software or any part of it, to be combined with, or become
incorporated in, any other materials, programs or software;
11.4.4 not to disassemble, decompile, reverse-engineer or create derivative
works based on the whole or any part of Software or attempt to do any such
thing except to the extent that such actions cannot be prohibited under
Applicable Law.

12. Complaints Handling

12.1 If you wish to make a complaint about the Service, you can email us at
complaints@webmoney.eu, with brief
details of your complaint and the email address associated with your Personal
Account.

12.2 If the complaint is not resolved by the end of 3 business days after
the complaint is received, we initiate a formal complaints handling procedure.
We will acknowledge your complaint by email within 5 business days. The email
will contain details of the Complaints Procedure and your right to refer the
complaint to the FOS if you are dissatisfied with our assessment and
ruling.

12.3 Within 15 days (complaints about rights and obligations arising under
Parts 6 and 7 of the PSRs 2017) or 8 weeks (complaints not related to rights
and obligations arising under Parts 6 and 7 of the PSRs 2017) after a
complaint, we will send you a final response.

12.4 A complaint about any regulated aspect of the Service that we cannot
settle within 15 days (complaints about rights and obligations arising under
Parts 6 and 7 of the PSRs 2017) or 8 weeks (complaints not related to rights
and obligations arising under Parts 6 and 7 of the PSRs 2017) after the date of
complaint may be referred to the Financial Ombudsman Service at The Financial
Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR, United
Kingdom (further details can be found at www.financial-ombudsman.org.uk).

13. Assignment and Sub-contracting

13.1 You may not assign or transfer or sub-contract any of your rights,
benefits or obligations under this Agreement.

13.2 We may assign and transfer its rights and obligations under this
Agreement to:

13.2.1 any person to which we transfer the part of our business to which
this Agreement relates; and

13.2.2 we may sub-contract the performance of any of our obligations under
this Agreement to any party subject to compliance with Applicable Law.

13.3 If we assign or transfer any of our rights or obligations under this
Agreement, we will promptly notify you.

14. Governing law

This Agreement shall be governed by, and construed in accordance with
English law. Any dispute arising out of or in connection with this Agreement,
including any question regarding its existence, validity or termination, shall
be referred to the non-exclusive jurisdiction of the courts of the United
Kingdom.

15. Notices and communication

This contract is in English and we shall communicate with you in English.
Any translation into another language shall be for information purposes only
and for the purpose of the interpretation of this Agreement the English
language version shall prevail. Any notice or other communication required to
be given to a party under or in connection with this Agreement shall be
sent:

(a) to us by e-mail at notice@webmoney.eu; or
(b) to you via your Personal Account or by email to the address given by you in
your Personal Account.
Any notice or other communication shall be deemed to have been duly received
the next Business Day following the notice being communicated.

16. Waiver

A waiver of any right under this Agreement is only effective if it is in
writing and shall not be deemed to be a waiver of any subsequent breach or
default. No single or partial exercise of such right or remedy shall preclude
or restrict the further exercise of that or any other right or remedy. Unless
specifically provided otherwise, rights arising under this Agreement are
cumulative and do not exclude rights provided under Applicable Law. No failure
or delay by a party in exercising any right or remedy under this Agreement or
under Applicable Law shall constitute a waiver of that or any other right or
remedy, nor preclude or restrict its further exercise.

17. Severance

If a court or any other competent authority finds that any provision of this
Agreement is invalid, illegal or unenforceable, that provision shall, to the
extent required, be deemed deleted, and the validity and enforceability of the
other provisions of this Agreement shall not be affected. If any invalid,
unenforceable or illegal provision of this Agreement would be valid,
enforceable and legal if some part of it were deleted, the provision shall
apply with the minimum modification necessary to make it legal, valid and
enforceable.

18. No partnership

Nothing in this Agreement is intended to, or shall be deemed to, constitute
a partnership or joint venture of any kind between any of the parties, nor
constitute any party the agent of another party for any purpose. No party shall
have authority to act as agent for, or to bind, the other party in any way.

19. Third parties

This Agreement is not intended to confer any benefit on any person who is
not a party to it, and a person who is not a party to this Agreement has no
right under the Agreements (Rights of Third Parties) Act 1999 to enforce any
terms of this Agreement.

20. Definitions

In this Agreement:Account Access Codes - password, log-in details and other
access codes and any security information relating to your Personal
Account;Applicable Law - means the Electronic Money Regulations 2011,
the Payment Services Regulations 2009, the Money Laundering Regulations 2007
and any other statute, regulation and related guidance that applies to the
Service or the activities or transactions in connection with which the Service
is used;Business - means a person or other legal entity which is
permitted to accept WME as payment for the supply of its goods or
services;Business Account - means a Business’s WME account in our
systems;Business Day - means any day other than a Saturday or a Sunday
or a public or bank holiday in England;Claims - means complaints, disputes, actions, demands, claims,
proceedings, losses, damages or other liability of any kind;Consumer - means an individual we have registered for a
Personal Account;
electronic money has the meaning given to it in the Electronic Money
Regulations 2011;Data Protection Legislation - means (i) before 25 May 2018,
the EU Data Protection Directive 95/46 and all national implementing laws
(including the UK Data Protection Act 1998); and (ii) on or after 25 May 2018,
the EU General Data Protection Regulation 2016/679; together with all other
applicable legislation relating to privacy or data protection and including any
statute or statutory provision which amends, extends, consolidates or replaces
the same;Fees - means the fees and charges (if any) listed in Schedule
2;Intellectual Property Rights - means patents, trademarks,
service marks, logos, trade names, internet domain names, copyright (including
rights in computer software) and moral rights, database rights, semi-conductor
topography rights, utility models, rights in designs, rights in get-up, rights
in inventions, rights in know-how and other intellectual property rights, in
each case whether registered or unregistered, and all rights or forms of
protection having equivalent or similar effect anywhere in the world and
registered includes registrations and applications for registration;Personal Account - means a WME account in our systems that is
one of those listed as available to a Consumer in Schedule 1;Personal Data - has the meaning given to it in the Data
Protection Legislation;Service - means the service described in Clause 1.1;Transaction - means a Payment, Transfer or a Redemption as
defined in Clause 1;Transaction Data - means the data relating to each
Transaction;Transaction Limit - means a limit on the type or volumes of
Transactions that may be entered into using the Service, for example, a maximum
total value of all Transactions in respect of any specified period of time or a
monetary limit (of which we notify you) above which you must obtain our
authorisation prior to completing a Transaction - for current Transaction
Limits see Schedule 1 of this Agreement;WME- means electronic money issued by us, denominated in
Euros;WME Balance - means the current balance of WME in your
Personal Account;WME Customer Funds Account - means one or more segregated bank
accounts in which the funds corresponding to the balance of WME in your
Personal Account will be held by us separately from our own funds in accordance
with the provisions of the Electronic Money Regulations 2011;WebMoney Europe Ltd - means WebMoney Europe Ltd, a company
incorporated in England and Wales (company number 08878574) whose registered
head office is 7 Portugal Place, Cambridge, CB5 8AF, England, UK. WebMoney
Europe Ltd is authorised by the Financial Conduct Authority under the
Electronic Money Regulations 2011 (Firm Ref. No. 900216) for the issuing of
electronic money.

Schedule 1

Transaction Limits & Required Documents

Up to 2500 WME incoming transactions per calendar year: It is not required
to submit identity documents if the total deposits during one calendar year to
all WME purses registered to one WebMoney Passport do not exceed 2500
WME.
Over 2500 WME incoming transactions per calendar year: If the total
deposits during one calendar year to all WME purses registered to one WebMoney
Passport exceed 2500 WME, it is necessary to submit the following
documents:
- A valid national passport or other ID document.
- Proof of residential address, e.g. bank statement or utility bill, no older
than 3 months. (mobile telephone bills will not be accepted)

Over 15000 WME incoming transactions per calendar year: If the
total deposits during one calendar year to all WME purses registered to one
WebMoney Passport exceed 15000 WME, it is necessary to submit a bank statement
or other documents confirming the source of funds.

Schedule 2

Fees

The service fee is 0.8% of the total amount being transferred, with a
minimum fee of 0.01 WME and maximum 50 WME.

Please note that units of WME refer to units of the currency in which that
WebMoney is denominated. So 0.01 WME = EUR 0.01

﻿

WME Consumer Agreement

These terms and conditions ("Agreement") govern the supply of the Service operated by WebMoney Europe Ltd ("we", "us", "our") to an individual whose application to register for a Personal Account we accept ("you", "your"). If
you have any intention to use your Personal Account for commercial
purposes, you must tell us, even if you use it also for private
purposes. You are using your Personal Account for commercial purposes if
you are receiving payments for or in connection with any business
activity. We reserve the right to determine whether, in our reasonable
opinion, you are using your Personal Account for commercial purposes. If
you are using your Personal Account for commercial purposes, in
addition to these Terms of Use, you shall be bound by our WME Business Agreement
Terms and Conditions. If you are in any doubt about whether or not an
activity amounts to a commercial activity, you should contact us. Capitalised
terms that are not defined where they appear in this Agreement have the
meaning given to them in Clause 20 below. The term of this Agreement ("Term")
shall start on the date you agree it when registering for a Personal
Account and, if you we accept your application, this Agreement shall
continue unless it is cancelled by you under Clause 8 or otherwise
terminated by either you or us under Clause 9. In addition to this Agreement, you agree to the terms of our Privacy Policy and Cookie Policy.
You consent to us obtaining your personal details from the WebMoney
Transfer system, as may be necessary for us to set up your account and
the other purposes listed in our Privacy Policy; and you consent to WM
Transfer Ltd. sharing your personal data with us for these purposes.

Please read this Agreement and download a copy for your
records before using the Service. Please note that we may change this
Agreement on 2 months’ notice to you from time to time without
liability. We will post any changes on this page and notify you in your
Personal Account and/or by email. You may terminate this Agreement
immediately and without charge before the proposed changes take effect,
otherwise you shall be deemed to have accepted such changes when the 2
months’ notice expires.

1. Your Personal Account

1.1 As further describe in Clause 2, the Service enables you to:

1.1.1 purchase WME;

1.1.2 make a payment in WME for your purchases of goods or services from a Business ("Payment");

1.1.3 make or receive a transfer of WME to or from another Consumer or Business ("Transfer"); and

1.1.4 exchange your WME for an equivalent amount of funds in the same currency in which your WME was denominated ("Redeem" and "Redemption" shall be construed accordingly),provided that you comply with all Applicable Law and do not use the Service for any of the prohibited purposes
listed on the Service from time to time, including the sale of unlawful
images or age-restricted goods or services to persons under the age of
18 or otherwise use the Service in ways that might damage our reputation
or goodwill.

1.2 Your WME Balance does not earn interest and is not insured or
guaranteed by any person or entity or covered by the Financial Service
Compensation Scheme.

1.3 To be eligible to register for a Personal Account, you must
be an individual person who is at least 18 years old (if you are
resident within the European Economic Area ("EEA")) or
at least 14 years old if you reside outside the EEA and the law of your
country of residence permits it. You acknowledge that we may impose
certain restrictions on the use of the Service for users who are under
the age of 18, including but not limited to Transaction Limits. We rely
on you providing accurate information to enable us to exercise our
rights and comply with our obligations under this Agreement and cannot
be held responsible if you providing incorrect information in relation
to age, for example.

1.4 Depending on the amount of incoming transactions into your
Personal Account, the Personal Account has certain Transaction Limits.
When you reach those Transaction Limits the law requires us to carry out
additional checks before you can continue to use the Service. You agree
to provide us with any information we require to satisfy those checks
and any other due diligence that we are required to perform under
Applicable Law. To guard against fraud, we may also notify you of one or
more Transaction Limit(s) from time to time that you must not exceed
without our prior written consent.

1.5 You can access your details of your Transaction Data and
other information relating to you and your use of the Service by logging
into your Personal Account. You agree that we are not required to send
you statements, either in the post or electronically.

1.6 The records kept in the Service shall be conclusive of the
facts and matters they purport to record. We reserve the right to
correct the balance of your Personal Account if we believe that an
administrative error, or an error in billing or accounting has occurred.

2. WME Transactions

2.1 You can purchase WME by using one of the payment methods
specified in your Personal Account. You acknowledge and agree that your
purchase of WME is a separate transaction from any Payment or Transfer
that you make using that WME.

2.2 When you initiate a Payment or Transfer, and you have a
sufficient WME Balance to fund the Payment or Transfer, we will debit
your Personal Account for the amount of the Payment or Transfer and
immediately credit that amount to the relevant Business Account or
Personal Account (as the case may be).

2.3 When a Consumer or Business initiates a Transfer to your
Personal Account, and they have a sufficient WME Balance to cover that
Transfer, we debit that Business Account for the amount of the Transfer
and immediately credit that amount of WME to your Personal Account.

2.4 You may Redeem all or part of your WME Balance by any of the
relevant methods specified on the Service from time to time, which may
be subject to you satisfying additional checks that we may be required
to make under Applicable Law.

2.5 We may suspend the processing of any Transaction where we
reasonably believe the Transaction may be fraudulent, prohibited under
Applicable Law or involves any criminal activity. Any Transaction
request that we lawfully refuse to process will not be deemed to have
been received for purposes of execution times and liability for
non-execution or defective execution. We will notify you if we exercise
our rights under this Clause, the reasons for doing so and the procedure
for rectifying any factual errors that led us to suspend the processing
of the Transaction, unless we are prohibited from doing so under the
Applicable Law. We may charge you the reasonable costs of any such
notification.

2.6 Subject to the provisions limiting our liability under Clause
7 below, in order to reclaim an unauthorised or incorrectly executed
Transaction on your Personal Account, you must notify us without undue
delay after becoming aware of such a Transaction by email to finance@webmoney.eu within 13 months after the date of that Transaction.

2.7 You may enquire about the processing of any Transaction by emailing us at finance@webmoney.eu.

3. Claims

3.1 Except as expressly provided in this Agreement, each Business
shall be solely responsible for all Claims relating to the supply of
any goods or services to you by that Business, and it is the Business’s
responsibility and not ours, to resolve any Claim.

3.2 We do not control or assume liability for the legality,
quality, fitness for purpose or use of the goods and services that are
paid for using the Service. We do not guarantee the identity of any
Business or Consumer, or that a Business will make any Transfer due and
payable to you. However, we may stop, block or suspend any Transaction:

3.2.1 if we believe or suspect that the Transaction is or was not
authorized or is unlawful, suspicious, or in breach of this Agreement;
or

3.2.2 if the Transaction is reversed by a court, regulatory
authority or other third party acting in accordance with Applicable Law.

3.3 We shall be responsible for resolving any Claim by you in
relation to your Personal Account, including any Claim in relation to
your purchase of WME from us, our distributors or agents, or your
initiation of a Transaction through the Service.

3.4 Without prejudice to any other rights or remedies we may have in respect of:

3.4.1 any costs we reasonably incur in respect of Claims relating to you; and

3.4.2 any amounts reasonably required to cover any sum due to us from you under this Agreement,

we may in our sole and absolute discretion deduct or withhold such
sums from, or set- off such sums against, any payment due to you under
this Agreement or send you an invoice for any or all such sums, which
invoice shall be payable in accordance with its terms.

4. Fees and Taxes

4.1 In consideration of us supplying the Service to you, you
shall pay to us the Fees specified in Schedule 2. While VAT does not
currently apply to the Service or Fees, the Fees are exclusive of
amounts in respect of any VAT that might apply in future, for which you
would be liable.

4.2 It is your responsibility to determine what, if any, taxes
apply to any purchases you make, or WME you receive, using the Service,
and it is your responsibility to collect, report and remit the correct
tax to the appropriate tax authority. We are not responsible for
determining whether any value added tax, sales tax or any other tax
applies to your purchases or WME receipts, or for collecting, reporting
or remitting any such taxes.

5. The Security of your Personal Account

5.1 You must take reasonable steps to keep your Account Access
Codes safe and prevent fraudulent use of your Personal Account. Those
steps include keeping your Account Access Codes confidential and secure
from unauthorised individuals; not writing down any item of Personal
Data and Account Access Codes together; and taking reasonable care to
ensure that you are not observed or overheard when using your Account
Access Codes.

5.2 You shall be solely responsible for creating an appropriately
strong password within your Account Access Codes and for updating it
from time to time.

5.3 You must inform us without undue delay by calling us on telephone number: + 44 (0) 333 577 0018 or email to security@webmoney.eu
on becoming aware of the loss, theft, misappropriation or unauthorised
use of your Account Access Codes or if you believe an unauthorized
person knows your Account Access Codes or can use the Service by
impersonating you.

5.4 As long as the correct Account Access Codes are entered when
your Personal Account is accessed and you have not notified us of a
problem with your Account Access Codes under Clause 5.3:

5.4.1 we will assume that you are the person accessing your Personal Account and you will be liable for its use,

5.4.2 you will be responsible for any instruction which we receive and act on, even if it was not given by you; and

5.4.3 we will not be responsible for any unauthorised access to your Personal Account or the information within it.

5.5 Provided that you have not breached the other terms contained
in this Clause 5, we will accept liability for any loss or damage to
you resulting directly from any unauthorised access to your Personal
Account (subject to the limits of our liability in Clause 7 of this
Agreement).

5.6 We can refuse to act or process any Transaction if we consider in our sole and absolute discretion that any instruction:

5.6.1 is unclear, was not given by you or might cause us to breach any legal requirement or duty; and/or

5.6.2 we believe your Personal Account or the Service is being used for fraud or any illegal purpose.

5.7 Except as expressly stated in this Agreement, you are solely
responsible, for compiling and retaining your own record of all
Transactions and other data associated with your use of the Service and
your Personal Account. After the termination or expiry of this
Agreement, we shall have no obligation to you to operate your Personal
Account or retain copies or provide you with access to any data from it.

5.8 You are solely responsible at your own expense for the
provision of all equipment, software, systems and telecommunications
facilities necessary for you to access, receive and use the Service.

6. Warranties and Representations

You warrant and represent to us that: (a) all the information
that you provide to us is true, complete and accurate and you will keep
all such information up to date during the Term;(b) you have registered for your Personal Account in your own name; (c) you will only use the Service for your own purposes and not on behalf of any third party; (d) you will comply with all Applicable Law when using the Service; and(e)
you will not attempt any unauthorized access to or otherwise
interfere with the Service or any Personal Account or Business Account.

7. Limitation of Liability

7.1 This Clause 7 sets out the entire liability of each party to
the other for any breach of this Agreement and any representation,
statement or tortious act or omission (including negligence) by each
party arising under or in connection with it.

7.2 In case of an unauthorised Transaction or a Transaction that
was incorrectly executed due to an error by us, we shall at your request
immediately refund the payment amount including all related Fees,
except:

7.2.1 where an unauthorised Transaction arises from your failure
to keep your Account Access Codes secure in accordance with Clause 5.1,
you shall remain liable for the first €50 EUR (or equivalent in GBP)
unless:

(a) you compromised the security of your Personal Account with
intent or gross negligence, in which case you shall be solely liable for
all losses;

(b) the unauthorized Payment occurred after you had notified us of
the fact that your Account Access Codes had been lost or compromised,

in which case we shall remain liable from the date of such
notification and refund immediately to you the amount of any subsequent
unauthorised Transaction using the compromised Account Access Codes;

7.2.2 if you fail to give us a notice in accordance with Clause
5.3, in which case you shall remain liable for losses incurred up to the
time of any later notification to us;

7.2.3 if you fail to notify us that you are disputing an
unauthorised or incorrectly executed Transaction within 13 months after
the date of that Transaction.

7.3 To the fullest extent permitted by Applicable Law, all
warranties, conditions and terms that would otherwise be implied in this
Agreement are hereby excluded and we make no representations or
warranties, express or implied, with respect to merchantability, fitness
for a particular purpose or non-infringement of the Service. We do not
warrant or guarantee that the Personal Account or the Service will
always be available or operate error-free, or that any errors or
omissions in the Service will be corrected.

7.4 Subject to Clause 7.5:

7.4.1 to the extent permitted by Applicable Law, our total
liability arising under or in connection with this Agreement, whether
arising in contract, negligence or otherwise, shall be limited to an
amount equal to the total of (a) your then current WME Balance and (b)
any Fees you have paid to us during the 12 months immediately preceding
your Claim;

7.4.2 neither party shall be liable to the other for any loss of
profit, goodwill, reputation, business, business opportunity, data, or
any special, indirect or consequential damage or loss of any kind
whatsoever arising under or in connection with this Agreement; and

7.4.3 Neither party shall be liable to the other as a result of
any delay or failure to perform its obligations under this Agreement as a
result of an event beyond its reasonable control ("Force Majeure
Event").

7.5 Nothing in this Agreement shall limit or exclude the
liability of either party for death or personal injury resulting from
its negligence, fraud or any other liability that cannot be excluded
under Applicable Law.

8. Cancellation of this Agreement

You may cancel this Agreement within 14 days after the day you agree to it by sending to us an email at cancellation@webmoney.eu stating that you wish to do so, in which case Clause 10 applies.

9. Termination of this Agreement

9.1 You may terminate this Agreement at any time by giving us one (1) month’s notice under Clause 15.

9.2 We may terminate this Agreement at any time by giving you two (2) months’ notice under Clause 15.

9.3 We may terminate this Agreement (in whole or in part)
immediately by notice in writing if you breach the provisions of Clause
1.1 and/or Clause 5.1 of this Agreement.

9.4 Either party may terminate this Agreement (in whole or in part) immediately by notice in writing if:

9.4.1 the other party is in material breach of any of its
obligations under this Agreement and fails to remedy the breach (if
capable of remedy) within thirty (30) days after receiving written
notice to do so; or

9.4.2 the other party in any jurisdiction enters into, applies
for, or calls a meeting of members or creditors to consider a
moratorium, administration, liquidation, or composition or arrangement
with its creditors; or is the subject of appointment of a receiver,
enforcement of security, distress, or execution of a judgment.

9.5 Wherever this Agreement confers a right on us to terminate
this Agreement, we may choose to suspend the Service without prior
notice to you. Such suspension shall not affect our ability to later
terminate the Agreement. We will notify you if we exercise our rights
under this Clause, the reasons for doing so and the procedure for
rectifying any factual errors that led us to suspend the Service, unless
we are prohibited from doing so under the Applicable Law. We may
charge you the reasonable costs of any such notification.

9.6 If a Force Majeure Event prevents us from providing any of
the Service for more than 4 weeks, we shall, without limiting its other
rights or remedies, have the right to terminate this Agreement
immediately by giving written notice to you.

9.7 Termination of this Agreement shall not prejudice any of the
parties' rights and remedies which have accrued as at the date of
termination.

10. Obligations on Cancellation or Termination

10.1 On cancellation, termination or expiry of this Agreement for any reason:

10.1.1 Each party shall pay to the other all amounts owed by it
to the other party under or in connection with this Agreement;

10.1.2 we will Redeem any outstanding WME Balance in accordance with Clause 2.4, subject to Clause 3.4; and

10.1.3 any Clause reasonably intended to survive the termination or expiry of this Agreement shall do so.

11. Intellectual Property Rights

11.1 All Intellectual Property Rights in the Service, as well as
the Transaction Data in our computers and systems, shall vest and remain
vested in us or our licensors.

11.2 Except as expressly provided in this Agreement, no rights or
obligations in respect of a party's Intellectual Property Rights are
granted to the other party or are to be implied from this Agreement.

11.3 You must not rent, lease, sublicense, distribute, transfer,
copy, reproduce, download, display, translate, reverse engineer,
decompile, disassemble, modify or otherwise exploit the Service or
information or materials in which the Intellectual Property Rights are
owned by us or a Business.

11.4 To the extent that the Service includes any software,
computer program or code, including any application programming
interfaces ("Software"), you agree:

11.4.1 not to copy or otherwise reproduce Software except where
such copying is incidental to the use of Software in accordance with
this Agreement, or where necessary for the purpose of back up or
operational security;11.4.2 not to sublicense, translate, merge, adapt, vary or modify Software, or any part of it;11.4.3
not to make alterations to, or modifications of, Software or any
part of it, or permit Software or any part of it, to be combined with,
or become incorporated in, any other materials, programs or software;11.4.4
not to disassemble, decompile, reverse-engineer or create derivative
works based on the whole or any part of Software or attempt to do any
such thing except to the extent that such actions cannot be prohibited
under Applicable Law.

12. Complaints Handling

12.1 If you wish to make a complaint about the Service, you can email us at complaints@webmoney.eu, with brief details of your complaint and the email address associated with your Personal Account.

12.2 We will acknowledge your complaint by email within 1
business day, then investigate and send you an initial response within
five business days. If the complaint is not resolved by the end of the
business day after the complaint is received, we will send you a copy of
this complaints handling procedure.

12.3 If you are not satisfied by our response, you can email us at manager@webmoney.eu,
enclosing the responses already given to you. That email will then be
referred to our Managing Director for a final response within five
business days.

12.4 Within four weeks after receiving a complaint, we will send
you either a final response or a response which explains why we are not
in a position to resolve the complaint and indicates when we will make
further contact.

12.5 A complaint about any regulated aspect of the Service that
we cannot settle within 8 weeks after the date of complaint may be
referred to the Financial Ombudsman Service at The Financial Ombudsman
Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR, United
Kingdom (further details can be found at www.financial-ombudsman.org.uk).

13. Assignment and Sub-contracting

13.1 You may not assign or transfer or sub-contract any of your rights, benefits or obligations under this Agreement.

13.2 We may assign and transfer its rights and obligations under this Agreement to:

13.2.1 any person to which we transfer the part of our business to which this Agreement relates; and

13.2.2 we may sub-contract the performance of any of our
obligations under this Agreement to any party subject to compliance with
Applicable Law.

13.3 If we assign or transfer any of our rights or obligations under this Agreement, we will promptly notify you.

14. Governing law

This Agreement shall be governed by, and construed in accordance
with English law. Any dispute arising out of or in connection with this
Agreement, including any question regarding its existence, validity or
termination, shall be referred to the non-exclusive jurisdiction of the
courts of the United Kingdom.

15. Notices and communication

This contract is in English and we shall communicate with you in
English. Any translation into another language shall be for information
purposes only and for the purpose of the interpretation of this
Agreement the English language version shall prevail. Any notice or
other communication required to be given to a party under or in
connection with this Agreement shall be sent:

(a) to us by e-mail at notice@webmoney.eu; or (b) to you via your Personal Account or by email to the address given by you in your Personal Account. Any
notice or other communication shall be deemed to have been duly
received the next Business Day following the notice being communicated.

16. Waiver

A waiver of any right under this Agreement is only effective if it
is in writing and shall not be deemed to be a waiver of any subsequent
breach or default. No single or partial exercise of such right or remedy
shall preclude or restrict the further exercise of that or any other
right or remedy. Unless specifically provided otherwise, rights arising
under this Agreement are cumulative and do not exclude rights provided
under Applicable Law. No failure or delay by a party in exercising any
right or remedy under this Agreement or under Applicable Law shall
constitute a waiver of that or any other right or remedy, nor preclude
or restrict its further exercise.

17. Severance

If a court or any other competent authority finds that any provision
of this Agreement is invalid, illegal or unenforceable, that provision
shall, to the extent required, be deemed deleted, and the validity and
enforceability of the other provisions of this Agreement shall not be
affected. If any invalid, unenforceable or illegal provision of this
Agreement would be valid, enforceable and legal if some part of it were
deleted, the provision shall apply with the minimum modification
necessary to make it legal, valid and enforceable.

18. No partnership

Nothing in this Agreement is intended to, or shall be deemed to,
constitute a partnership or joint venture of any kind between any of the
parties, nor constitute any party the agent of another party for any
purpose. No party shall have authority to act as agent for, or to bind,
the other party in any way.

19. Third parties

This Agreement is not intended to confer any benefit on any person
who is not a party to it, and a person who is not a party to this
Agreement has no right under the Agreements (Rights of Third Parties)
Act 1999 to enforce any terms of this Agreement.

20. Definitions

In this Agreement:Account Access Codes - password, log-in details and other access codes and any security information relating to your Personal Account;Applicable Law
- means the Electronic Money Regulations 2011, the Payment
Services Regulations 2009, the Money Laundering Regulations 2007 and any
other statute, regulation and related guidance that applies to the
Service or the activities or transactions in connection with which the
Service is used;Business - means a person or
other legal entity which is permitted to accept WME as payment for the
supply of its goods or services; Business Account - means a Business’s WME account in our systems;Business Day - means any day other than a Saturday or a Sunday or a public or bank holiday in England; Claims - means complaints, disputes, actions, demands, claims, proceedings, losses, damages or other liability of any kind;Consumer - means an individual we have registered for a Personal Account;electronic money has the meaning given to it in the Electronic Money Regulations 2011;Fees - means the fees and charges (if any) listed in Schedule 2;Intellectual Property Rights
- means patents, trademarks, service marks, logos, trade names,
internet domain names, copyright (including rights in computer software)
and moral rights, database rights, semi-conductor topography rights,
utility models, rights in designs, rights in get-up, rights in
inventions, rights in know-how and other intellectual property rights,
in each case whether registered or unregistered, and all rights or forms
of protection having equivalent or similar effect anywhere in the world
and registered includes registrations and applications for
registration;Personal Account - means a WME account in our systems that is one of those listed as available to a Consumer in Schedule 1;Personal Data - has the meaning given to it in the Data Protection Act 1998;Service means the service described in Clause 1.1;Transaction - means a Payment, Transfer or a Redemption as defined in Clause 1;Transaction Data - means the data relating to each Transaction;Transaction Limit
- means a limit on the type or volumes of Transactions that may be
entered into using the Service, for example, a maximum total value of
all Transactions in respect of any specified period of time or a
monetary limit (of which we notify you) above which you must obtain our
authorisation prior to completing a Transaction - for current
Transaction Limits see Schedule 1 of this Agreement;WME- means electronic money issued by us, denominated in Euros; WME Balance - means the current balance of WME in your Personal Account;WME Customer Funds Account
- means one or more segregated bank accounts in which the funds
corresponding to the balance of WME in your Personal Account will be
held by us separately from our own funds in accordance with the
provisions of the Electronic Money Regulations 2011;WebMoney Europe Ltd
- means WebMoney Europe Ltd, a company incorporated in England and
Wales (company number 08878574)whose registered head office is Compass
House, Vision Park, Chivers Way, Histon, Cambridge, Cambridgeshire,
England CB24 9AD. WebMoney Europe Ltd is authorised by the Financial
Conduct Authority under the Electronic Money Regulations 2011 (Firm Ref.
No. 900216) for the issuing of electronic money.

Schedule 1

Transaction Limits & Required Documents

Up to 2500 WME incoming transactions per calendar year:
It is not required to submit identity documents if the total
deposits during one calendar year to all WME purses registered to one
WebMoney Passport do not exceed 2500 WME.Over 2500 WME incoming transactions per calendar year:
If the total deposits during one calendar year to all WME purses
registered to one WebMoney Passport exceed 2500 WME, it is necessary to
submit the following documents:- A valid national passport or other ID document.-
Proof of residential address, e.g. bank statement or utility bill, no
older than 3 months. (mobile telephone bills will not be accepted)

Over 15000 WME incoming transactions per calendar year:
If the total deposits during one calendar year to all WME purses
registered to one WebMoney Passport exceed 15000 WME, it is necessary to
submit a bank statement or other documents confirming the source of
funds.

Schedule 2

Fees

The service fee is 0.8 % of the total amount being transferred, with a minimum fee of 0.01 WME and maximum 50 WME.

Please note that units of WME refer to units of the currency in which that WebMoney is denominated. So 0.01 WME = EUR 0.01